BBDC vs. TCPC
Compare and contrast key facts about Barings BDC, Inc. (BBDC) and BlackRock TCP Capital Corp. (TCPC).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BBDC or TCPC.
Correlation
The correlation between BBDC and TCPC is 0.38, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
BBDC vs. TCPC - Performance Comparison
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Key characteristics
BBDC:
0.16
TCPC:
-0.57
BBDC:
0.35
TCPC:
-0.57
BBDC:
1.05
TCPC:
0.92
BBDC:
0.13
TCPC:
-0.46
BBDC:
0.45
TCPC:
-0.92
BBDC:
7.07%
TCPC:
18.35%
BBDC:
21.11%
TCPC:
31.64%
BBDC:
-64.64%
TCPC:
-69.08%
BBDC:
-12.94%
TCPC:
-24.52%
Fundamentals
BBDC:
$957.86M
TCPC:
$659.04M
BBDC:
$0.96
TCPC:
-$0.62
BBDC:
3.35
TCPC:
2.54
BBDC:
0.79
TCPC:
0.84
BBDC:
$250.78M
TCPC:
$39.04M
BBDC:
$222.87M
TCPC:
-$33.49M
BBDC:
$176.68M
TCPC:
-$46.78M
Returns By Period
In the year-to-date period, BBDC achieves a -1.93% return, which is significantly higher than TCPC's -8.18% return. Over the past 10 years, BBDC has underperformed TCPC with an annualized return of 0.86%, while TCPC has yielded a comparatively higher 3.33% annualized return.
BBDC
-1.93%
4.60%
-3.21%
3.11%
17.18%
0.86%
TCPC
-8.18%
14.14%
-7.32%
-17.42%
9.35%
3.33%
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Risk-Adjusted Performance
BBDC vs. TCPC — Risk-Adjusted Performance Rank
BBDC
TCPC
BBDC vs. TCPC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Barings BDC, Inc. (BBDC) and BlackRock TCP Capital Corp. (TCPC). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
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Dividends
BBDC vs. TCPC - Dividend Comparison
BBDC's dividend yield for the trailing twelve months is around 11.98%, less than TCPC's 16.39% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BBDC Barings BDC, Inc. | 11.98% | 10.87% | 11.89% | 11.66% | 7.44% | 7.07% | 5.25% | 24.57% | 17.39% | 10.31% | 12.35% | 12.62% |
TCPC BlackRock TCP Capital Corp. | 16.39% | 15.61% | 11.70% | 9.81% | 8.88% | 11.74% | 10.25% | 11.04% | 9.42% | 8.52% | 10.34% | 9.18% |
Drawdowns
BBDC vs. TCPC - Drawdown Comparison
The maximum BBDC drawdown since its inception was -64.64%, smaller than the maximum TCPC drawdown of -69.08%. Use the drawdown chart below to compare losses from any high point for BBDC and TCPC. For additional features, visit the drawdowns tool.
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Volatility
BBDC vs. TCPC - Volatility Comparison
The current volatility for Barings BDC, Inc. (BBDC) is 6.24%, while BlackRock TCP Capital Corp. (TCPC) has a volatility of 10.06%. This indicates that BBDC experiences smaller price fluctuations and is considered to be less risky than TCPC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Financials
BBDC vs. TCPC - Financials Comparison
This section allows you to compare key financial metrics between Barings BDC, Inc. and BlackRock TCP Capital Corp.. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
BBDC vs. TCPC - Profitability Comparison
BBDC - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on May 2025, Barings BDC, Inc. reported a gross profit of 34.67M and revenue of 54.87M. Therefore, the gross margin over that period was 63.2%.
TCPC - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on May 2025, BlackRock TCP Capital Corp. reported a gross profit of 23.77M and revenue of 39.10M. Therefore, the gross margin over that period was 60.8%.
BBDC - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on May 2025, Barings BDC, Inc. reported an operating income of 32.98M and revenue of 54.87M, resulting in an operating margin of 60.1%.
TCPC - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on May 2025, BlackRock TCP Capital Corp. reported an operating income of 20.89M and revenue of 39.10M, resulting in an operating margin of 53.4%.
BBDC - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on May 2025, Barings BDC, Inc. reported a net income of 32.58M and revenue of 54.87M, resulting in a net margin of 59.4%.
TCPC - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on May 2025, BlackRock TCP Capital Corp. reported a net income of 20.89M and revenue of 39.10M, resulting in a net margin of 53.4%.